PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
32
1. GENERAL INFORMATION continued h. Structure and Management continued
As of December 31, 2016 dan 2015, Bank Mandiri’s Risk Oversight Committee consists of:
December 31, 2016 December 31, 2015
Chairman and Member : Abdul Aziz
Abdul Aziz Member
: Wimboh Santoso Imam Apriyanto Putro
Member : Goei Siauw Hong
Suwhono Member
: Bangun Sarwito Kusmulyono Budi Sulistio
Member : Ridwan Darmawan Ayub
Ridwan Darmawan Ayub Member
: Lista Irna -
Secretary ex-officio : Group Head Operational Risk
Group Head Operational Risk
Changes in the Membership of the Risk Oversight Committee of Bank Mandiri is stipulated in the Decree of Directors No. KEP.DIR3752016 dated October 20, 2016.
The term of office for Mr Suwhono as the Remuneration and Nomination Committee and Risk Monitoring Committee ended since his appointment as President Director of PT Berdikari Persero on March 29, 2016.
As of December 31, 2016 dan 2015, Bank Mandiri’s Integrated Governance Committee consists of:
December 31, 2016 December 31, 2015
Chairman and Member : Abdul Aziz
Abdul Aziz Deputy Chairman and Member
: Goei Siauw Hong -
Member : Imam Apriyanto Putro
Goei Siauw Hong Member
: Aviliani Aviliani
Member : Bangun Sarwito Kusmulyono
Bangun Sarwito Kusmulyono Member
: Ridwan Darmawan Ayub Ramzi A. Zuhdi PT Bank Syariah
Mandiri Member
: Edhi Chrystanto Bank Mandiri Taspen M. Syafii Antonio PT Bank Syariah
Pos Mandiri-DP
Member : Frans A. Wiyono Mandiri AXA General
I Wayan D. Ardjana PT Bank Mandiri Insurance
Taspen Pos Member
: D. Cyril Noerhadi Mandiri Sekuritas Frans A. Wiyono PT Mandiri AXA
General Insurance Member
: Wihana Kirana Jaya AXA Mandiri I Ketut Sendra PT Asuransi Jiwa
Financial Services Inhealth Indonesia
Member : Hanifah Purnama Mandiri Tunas
D. Cyril Noerhadi PT Mandiri Finance
Sekuritas Member
: Nizar Yamanie Asuransi Inhealth Jiantok Hardjiman PT Mandiri
Indonesia Manajemen Investasi
Member : Ramzi A. Zuhdi Bank Syariah Mandiri
Hanifah Purnama PT Mandiri Tunas Finance
Member : M. Syafii Antonio Bank Syariah Mandiri Wihana Kirana Jaya PT AXA Mandiri
Financial Services
Changes in the Membership of Integrated Governance Committee of the Bank is stipulated in the Decree of Directors No. KEP.DIR3772016 dated October 20, 2016.
Stopped serving as an independent commissioner since April 8, 2015.
As of December 31, 2016 and 2015, Chairman of the Internal Audit Committee of Bank Mandiri is Mustaslimah which was approved by the Board of Commissioners of Bank Mandiri through letter
No. KOM0352015 dated April 8, 2015 and has been reported to FSA through letter No. CEO1522015 dated April 14, 2015 and Indonesia Stock Exchange by letter
No. FST.CSCCMA.11312015 dated April 14, 2015.
As of December 31, 2016 and 2015, Bank Mandiri’s Corporate Secretary is Rohan Hafas. The number of employees of the Bank Mandiri on December 31, 2016 and 2015 are 38,940 and
36,737 people, respectively unaudited.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
33
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The Management is responsible for the preparation of the accompanying consolidated financial statements which were completed and authorised for issuance by the Board of Directors on January 30,
2017.
The consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards, and the Capital Market Supervisory Agency and Financial Institution Bapepam
and LK regulation No. VIII.G.7 Attachment of the Chairman of Bapepam and LK’s decree No. KEP-347BL2012 dated June 25, 2012, regarding “Financial Statements Presentation and
Disclosure for Issuer or Public Companies”. The principal accounting policies adopted in preparing the consolidated financial statements of the Bank
and Subsidiaries are set out below:
a. Basis of Preparation of the Consolidated Financial Statements
The consolidated financial statements have been prepared under the historical cost, except for financial assets classified as available for sale, financial assets and liabilities held at fair value
through profit or loss and all derivative instruments which have been measured at fair value since April 1, 2016. The consolidated financial statement are prepared under the accrual basis of
accounting, except for the consolidated statement of cash flows. Consolidated statements of cash flows are prepared using the direct method by classifying cash
flows in operating, investing and financing activities. Items within Other Comprehensive Income are classified separately, separating between accounts
which will be reclassified to Profit or Loss and accounts which will not be reclassified to Profit or Loss.
The financial statements of a Subsidiary company engaged in sharia banking have been prepared in conformity with the Statement of Financial Accounting Standards SFAS No. 101 Revised 2014,
“Presentation of Financial Statement for Sharia Banking”, SFAS No. 102 Revised 2013 “Accounting for Murabahah”, SFAS No. 104 “Accounting for Istishna”, SFAS No. 105 ”Accounting for
Mudharabah”, SFAS No. 106 “Accounting for Musyarakah”, SFAS No. 107 “Accounting for Ijarah”, SFAS No. 110 “Accounting for Sukuk” and other prevailing Statements of Financial Accounting
Standards, as long as not contradict with Sharia principle also Accounting Guidelines for Indonesian Sharia Banking PAPSI Revised 2013.
The preparation of consolidated financial statements in accordance with Indonesian Financial Accounting Standards requires the use of estimates and assumptions. It also requires management
to make judgments in the process of applying the accounting policies the Group. The area that is complex or requires a higher level of consideration or areas where assumptions and estimates could
have a significant impact on the consolidated financial statements are disclosed in Note 3. All figures in the consolidated financial statements, are rounded and presented in million rupiah
“Rp” unless otherwise stated.